Question: last two questions E and F Problem 8-6 (Part Level Submission) Headland Company is a multi product firm. Presented below is information concerning one of

Problem 8-6 (Part Level Submission) Headland Company is a multi product firm. Presented below is information concerning one of its products, the Date Transaction Quantity Price/Cost 2/4 Purchase 2/20 Sale 4/2 Purchase 11/4 Sale 1/1 Beginning inventory 3,200 4,200 4,700 5,200 4,400 $18 27 46 35 50 Your answer is correct. Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.) Average-cost per unit 28.02 SHOW SOLUTION SHOW ANSWER (b) Compute cost of goods sold, assuming Headland uses: (Round average cost per unit to 4 decimal places, e.o Cost of goods sold (a) Periodic system, FIFO cost flow (b) Perpetual system, FIFO cost flow (c) Periodic system, LIFO cost flow (d) Perpetual system, LIFO cost flow (e) Periodic system, weighted-average cost flow (f) Perpetual system, moving-average cost flow 23050 132400 28730 276400
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